Ryan Bird
Seller disclosure for roof leaks
Have a question on something mentioned in sellers disclosure on the contract. In the disclosure section, seller mentioned that “they are aware of leaks or material defects in the roofs, ceilings or chimney”. In the ad...
Ryan Bird
Question on Seller's Disclosure regarding Material Defects
Have a question on something mentioned in sellers disclosure on the contract. In the disclosure section, sellers mentioned that “they are aware of leaks or material defects in the roofs, ceilings or chimney”. In the a...
Account Closed
Cemesto Building Material
Hi BP!
I recently looked at a 1950's home, and during our inspection it came to light that a material called "Cemesto" was used for the (flat) roofing structure.
While the roof seems to be structurally sound, in res...
Dj Hume
I spent $13,788 and expecting a 39% ROI
I spent $13,788 renovating this 1-bedroom apartmentHere's the breakdown 👇 - Kitchen faucet: $99- Thermostat: $60- Bathroom hardware: $34- Toilet: $94- SS stove: $500- SS microwave: $200- SS fridge: $781- SS dishwasher...
Steve Rhine
General Contractor or Manage your own Sub-contractors
Hello, I'm an investor from Tulsa Ok and I have a question for the rehabbers out there. Does it work better for you to hire a GC to oversee the project or do you have better luck hiring subs and managing it all yours...
Chris Clemptor
Rental tax question depreciation confusion
I understand that you can subtract from your tax burden on a rental property using depreciation. I also read that it's based on the house value only, not including the land. I am wondering how most people figur...
Carolyn McBride
STR Tax Loophole/Strategy So Close to the End of the Year?
I'm about to go into contract on a property I want to use as an STR. I’ll likely close on the property around early November and it will need small cosmetic updates, maybe a new deck, and of course new furniture set u...
Kristine Groemping
Disposing of Demolition Materials (sand and concrete) Costs?
We had our first contractor nightmare. I guess that makes us official real estate investors. We just discovered he dumped demolition material including sand and concrete in our backyard. Instead of buying dirt this...
Ken M Middleton
Refusal to do an itemized bid by contractors (Columbus, GA)
Hey BP family,
My wife and I identified a potential home that we are interested in rehabbing. We got an initial ballpark bid from a contractor of around 20k worth of work but after the inspection, there were a few it...
Justin Goodin
Renovation Cost Breakdown
I spent $16,444 renovating this 3-bedroom apartment at one of my properties.Here's the breakdown:- Kitchen faucet: $76- Thermostat: $30- Bathroom hardware: $34- Toilet: $94- SS stove: $250- SS microwave: $150- SS frid...